UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: TMFKGOMalley Big gold star, 5000 posts Old School Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2209  
Subject: Re: Re: stock split, due bills Date: 8/20/2001 2:02 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I own shares of New York Community Bank (NYCB). On August 17 they announced a 3 for 2 stock split. In the newswire announcement they stated "From September 4,2001 through and including September 20,2001, shares of the Company will trade with due bills, entitling the buyers to receive the 50% dividend." I always assumed that if you bought shares prior to the execution date of the split that you would be entitled to the split. Is this what this statement means or am I misunderstanding it because I haven't noticed this statement in newswires regarding other splits?


Hi,

I think the comment about "due bills" makes it confusing. I believe you are correct that if you buy the stock before the split and hold the stock through the split, you get the split. I found this article that mentions "due bill" (near the end of the article):
Subject: Stocks - Splits
http://invest-faq.com/articles/stock-split.html

Keith O'Malley
TMF KGOMalley

Motley Fool Select
Find tomorrow's leaders today! The Motley Fool Select uncovers the market's best investment opportunities each month, with stock ideas for all investment styles.
www.foolmart.com/Shopping/Product_View.asp?PRODUCT_ID=MF4200_01&ref=CSBO02111

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement